01 December 2008 22:17 [Source: ICIS news]
HOUSTON (ICIS news)--Brazil’s state-run oil company Petrobras plans to export 605m litres (160m gal) of ethanol in 2008, an increase of about 400% from 120m litres shipped last year, the Brazilian media reported on Monday.
A Petrobras official was quoted as saying that 505m litres would be shipped to the US and the remaining 100m litres to Japan.
The official spoke during an industry event in Rio de Janeiro.
Brazil’s ethanol production will triple to 70bn litres/year by 2020, according to Petrobras projections at the event.
The increase includes production of cellulosic ethanol, a Petrobras Biofuel official was quoted as saying.
Petrobras expects technology for large-scale cellulosic ethanol to be available by 2015, the same official said.
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